The GBP/USD pair fell during the session on Thursday, but bounced hard enough off the 1.5750 level in order to form a hammer. This hammer tells us that this market wants to go higher, and as a...
The EUR/USD pair fell during the session on Thursday, but as you can see found enough support at the 1.3250 level in order to bounce and form a hammer. This just solidifies our opinion that this market...
The AUD/USD pair fell hard during the session on Thursday, but found enough support to keep from falling too far. We look at this market has been a bit on the bearish side, for the short term,...
NZD/USD has been trending higher on its 1-hour time frame, thanks to rate hike speculations confirmed by the recent RBNZ meeting. The pair is currently stalling close to the .8100 handle, which might be a good entry...
A forex trader will often encounter the term ‘risk/reward ratio’. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?
To be a better forex trader, or just to be a better person in general, you have to learn a lot of things. Learning a lot of things means you have to try out stuff you haven’t...
RBNZ Governor Graeme Wheeler also adopted forward guidance in his latest rate decision in saying that the central bank is looking to increase interest rates by next year. According to him, the recovery in the housing sector...
The USD/JPY pair fell during the session on Wednesday, in a generally dollar negative tone. However, we are still well within the vicinity that we have seen recently act as a magnet for price, and as a...
The USD/CAD pair fell during the session on Wednesday as you can see, but remains above the 1.03 level. It is because of this that we aren’t quite ready to start selling yet, and as a result...
The GBP/USD pair broke out above the 1.5750 level on Wednesday, an area that we suspected was going to be very resistive. With that being the case, we feel this market will continue towards the 1.6 handle...
